China Just Went Nuclear in the Trade War, and There Is No Turning Back Now

China Just Went Nuclear in the Trade War, and There Is No Turning Back Now | Uprootedpalestinians’s Blog

If the Chinese would have slapped U.S. agricultural products with tariffs, that would have been a proportional response.  But to quit buying them entirely is an unprecedented escalation in a trade war that is really starting to spiral out of control.

And it is also clearly a political attack on President Trump.  The Chinese know that Trump is highly popular in rural areas, and this ban on U.S. agricultural products is going to severely hurt farmers in rural areas all across the United States.

U.S. voters tend to be more influenced by their bank accounts than by anything else, and so this is a smart strategic move by the Chinese if they would like to see a Democrat get elected in 2020.

In 2017, the Chinese bought 19.5 billion dollars worth of U.S. agricultural products, and that number dropped to just 9.1 billion dollars in 2018.

Now that number is going to zero, and according to Farm Bureau Federation President Zippy Duvallthis latest move by China is going to be “a body blow to thousands of farmers and ranchers who are already struggling to get by.”

via China Just Went Nuclear in the Trade War, and There Is No Turning Back Now | Uprootedpalestinians’s Blog